Houston ordered to spend money it doesn’t have on street, drainage improvements after losing lawsuit

Houston is going to run out of money within the next year — that’s the warning from the city’s top finance official. The city just lost a lawsuit over mismanaged funds. As a result, upwards of $100 million taxpayer dollars must now be spent each year on badly needed street and drainage improvements. But there’s a big catch — leaders did not budget for it. Houston is already spending about $200 million more than it’s bringing in. Knowing that, officials appealed an earlier ruling in this case to at least try to push it off, but they just lost……

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